In decision B.07/02, paragraph (n), the Board requested the Secretariat, in consultation with the Accreditation Committee and the Accreditation Panel as needed, to develop an environmental and social management system (ESMS) for the GCF, based on the outline contained in annex VI to the same decision. The ESMS is a broad operational framework that allows the GCF to incorporate environmental and social considerations into its decisionmaking and operations. The ESMS is underpinned by an overarching environmental and social policy that describes how the GCF will implement the ESMS and achieve improvements in environmental and social outcomes while addressing the adverse impacts in GCF-financed activities. This document presents the structure of the ESMS of the GCF and the draft GCF environmental and social policy, and proposes next steps for further developing various ESMS elements.